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via finance.yahoo.comBusiness & Companies

UBS Q3 profit rises 8% but falls short of expectations

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- UBS clocked a small gain in its third-quarter profit on Wednesday amid strength in its core banking and wealth management units, although this was offset by a large tax charge in the quarter. Still guessing which stocks will beat the market? Our AI portfolio…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishQuarterly profit slightly below estimates, with a large tax charge weighing on the result.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit rose 8% to 2.69 billion dollars.
  2. 02The Bloomberg estimate was 2.74 billion dollars.
  3. 03Total revenue rose to 13.35 billion dollars from 12.76 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
UBS Group AGUBSStock46.78 USDMarket closedtoday +0.69%Negative UBS Group AGUBSN.MXStock869.77 MXNMarket closedtoday 0.00%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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